Items
Note |
No. |
Item |
1. |
DECLARATIONS OF INTEREST
Members are asked to declare any
interests in the items under consideration and in doing so
state:
(1) the type of interest concerned
either a
(a)
personal interest
(b)
prejudicial interest
(c)
disclosable pecuniary interest (DPI)
and
(2) the nature of the interest
concerned
If any member requires advice on
declarations of interests, they are advised to contact the Head of
Democratic Governance in advance of the meeting.
|
2. |
FINANCIAL PERFORMANCE MONITORING AS AT MONTH 9 2018/19 PDF 52 KB
Additional documents:
Decision:
The Executive resolved as
follows:
- To
note the report.
- To continue to
lobby Government (HM Treasury, Ministry of Housing, Communities and
Local Government and the Department for Education in particular)
along with local authority peers, the Local Government Association
and the Association of Directors of Children’s Services for
more funding to cope with the mounting demand and new burdens
presenting in Children’s Services.
3.
To require the respective directors and Director of Resources to
continue to closely monitor and manage service
financial and operational performances, specifically
Children’s Services, Strategic Leisure Assets and Parking
Services.
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3. |
GENERAL FUND REVENUE BUDGET 2019/20 PDF 71 KB
Additional documents:
Decision:
The Executive
resolved as follows:
-
To recommend to Council the £1,544,000 Social
Care Support Grant is allocated in full to Children’s Social
Care (ref. paragraph 4.7 of the Executive
report).
-
To recommend to Council the level of net expenditure
for the draft General Fund Revenue Budget 2019/20 of
£124,073,000 (ref. paragraph 6.2 of the
Executive report).
-
To recommend to Council a level of budget savings of
£9.0m (ref. paragraphs 7.1 and 7.2 and Appendix 2 to the
Executive report).
-
To recommend to Council that the Chief Executive be
authorised to take any necessary steps to ensure all staffing
savings are achieved (ref. paragraph 8.1 of
the Executive report).
-
To recommend to Council that the Business Loans Fund
is increased from £100m to £200m with immediate effect
(ref. paragraph 8.3 of the Executive
report).
-
To recommend to Council that the target level of
working balances remains at £6m (ref. paragraph 10.4
of the Executive report).
-
To recommend a detailed review of earmarked reserves
takes place at Provisional Outturn 2018/19 to reprioritise and
unearmark funds to replenish working balances to their target level
in 2019/20 should this be necessary (ref. paragraph 10.4
of the Executive report).
-
To recommend to Council that the 2019/20 costs of
£1.188m associated with the Ofsted action plan are agreed and
met from higher than anticipated returns from the Business Loans
Fund (ref. paragraph 10.5
of the Executive report).
-
To note the report of the Budget Scrutiny Review
Panel as attached at Appendix 3 to the
Executive report and agree no direct actions arising
from that review.
-
To note that the Director of Resources had attended
the Blackpool Business Leaders Group meeting on the 25 January 2019
to present the General Fund Revenue Budget and that the group had
made no recommendations on the proposed budget.
-
To consider any further facts and information that
which subsequently come to light and report the details to the
meeting of the Executive on 25 February 2019.
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4. |
CAPITAL STRATEGY 2019/20 TO 2021/22 PDF 84 KB
Additional documents:
Decision:
The Executive resolved as
follows:
To recommend to the Council to
approve the Capital Strategy 2019/20 to 2021/22 incorporating the
Property Investment Strategy 2019/20.
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5. |
CAPITAL PROGRAMME 2019/20 TO 2021/22 PDF 68 KB
Additional documents:
Decision:
The Executive resolved as
follows:
To recommend to Council:
1.
To approve the Capital Programme for 2019/20 as set
out at Appendices A and B, to the Executive report.
-
To adopt the Single Capital Pot approach as outlined
in Section 4 with a top slice of 12.5% to allow for investment in
key priority areas and overspends that are not otherwise fundable
(reference paragraph 4.2 of the Executive report).
-
To approve the Capital Prudential Indicators as
identified in Appendix C, to the Executive report.
- To agree that Executive approval will continue to be required
for all Prudential borrowing schemes (reference paragraph 3.1, of
the Executive report).
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6. |
TREASURY MANAGEMENT STRATEGY 2019/20 PDF 69 KB
Additional documents:
Decision:
The Executive resolved as
follows:
To recommend to the
Council:
- To
approve the Treasury Management Strategy 2019/20 including both the
Borrowing and Investment Strategies which are set out in Annex C
and Annex D to the Executive report.
- To
adopt the Treasury Management Policy Statement, the three key
principles and four clauses taken from CIPFA’s Treasury
Management in Public Services Code of Practice and Cross Sectoral
Guidance Notes (2017 Edition) and set out in Annex B to the
Executive report.
- To
approve the revised Prudential Indicators and limits for 2018/19
and the new Prudential Indicators and limits for 2019/20 –
2021/22 which are set out in Annex E to the Executive
report.
- To
approve the Minimum Revenue Provision Policy Statement for 2019/20,
which will ensure a prudent Minimum Revenue Provision charge in the
annual statement of accounts. The policy is set out in Annex F to
the Executive report.
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7. |
PROPOSED RENT REVIEW 2019/20 PDF 88 KB
Decision:
The Executive resolved as
follows:
To recommend to the
Council:
- That a rent reduction of a minimum of 1% is implemented for all
Housing Revenue account properties in 2019/20.
- The minimum level of Housing Revenue Account balances remain
protected at £1 million, as previously agreed.
- That de-pooled services (as detailed in Appendix C, to the
Executive report) and that other service charges (as detailed in
Appendices D and E, to the Executive report) are charged as
outlined.
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8. |
BUSINESS LOANS FUND
(This item to be considered in
private by virtue of Paragraph 3 of Schedule 12a of the Local
Government Act 1972 as the report contains information
relating to the financial or business affairs of any particular
person (including the authority holding that information))
It is considered on balance
that the public interest would not be served by publishing the
information as it could prejudice the proposed
investment.
Notification has been given on the 4 January
2019 that this item was to be considered in private and no
representations have been received in response to this
notification.
Decision:
The Executive resolved
as follows:
-
That under Section 100 (A) of the Local Government
Act 1972, the public be excluded from the Executive meeting during
consideration of this item and decision on the grounds that it
would involve the likely disclosure of exempt information as
defined in paragraph 3 of Part 1 of Schedule 12A of the Act,
namely information relating to the financial or business affairs of
any particular person.
-
To authorise in principal the provision of business
loan in the terms as outlined in the exempt report to the
Executive.
-
To delegate authority to the Chief Executive after
consultation with Officers on the Business Loans Panel and
completing due diligence to finalise specific terms of the loan
including appropriate interest rate, repayment conditions and legal
conditions, plus any related fees to be applied.
-
To authorise the Head of Legal to ensure that the
appropriate legal documentation for the loan facility and
associated security charges are put in place.
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